So I was reading a post on Namepros that was dealing with front running domain auctions.
The op actually had a front runner contact them on a domain they owned in another extension.
They actually posted the back and forth, which you can read here.
After that the conversation became about how NameJet should stop this and how they don’t really care about it in the opinion of some.
Another member Grego85 posted,
Why would they? Seriously.. think about it.
I replied with this,
Forget about why would they? How could they? I am not cheerleading for NameJet and I think there are things they can do better. I have never engaged in front running, but how could NameJet stop it.
So Goodtreats.com is expired on NameJet (hypothetical example), a human being decides to hit Google, corp directories, etc… Starts asking them if they would be interested in purchasing the name? How can NameJet prevent that? What legal standing would NameJet have if they knew about it? which in cases where the front runner doesn’t also email domain investors like in the coinsociety case would be less than 1% in my estimation.
Do we all know right now who is contacting businesses that have no understanding of NameJet/GoDaddy auctions? Plenty of people are probably out there sending off emails trying to get a bid.
I think aftermarkets have a lot of things they need to fix, but I cannot see how they can prevent front running, because if it was done right, where the spam monkey knew to avoid contacting domain investors, the aftermarket and domainers would never know what was going on in the first place.
Some have a position front running is not wrong and don’t see the problem.
Thomas Steeen Level 2 is a pest of this unethical behaviour on the whole industry, and trust me it affects you in ways you don’t even know, or might come to know.
Uniregistry, Godaddy, and NameJet, and snapnames should kick him off their platforms.
Godaddy used to ban users who did this with their auctions.
The issue is a problematic user can engage a udrp or even alert an end user to a wholesale auction etc…
Lots of NameJet names people paid thousands for have been ruined like this. Most names only have 3-4 legit leads.
typical whiny ass domainers. No one has the right to the expired name, just so long as the front runner pays for the name, it’s all fair.
How is gd banning anyone? + it’s not hard to get a new gd account.
Back in the day godaddy used to ban according to their tos, when names could still be redeemed a week after the auction ended.
How do you think some consumers built their portfolios, by poaching such auctions; but you be best to transfer out than pay redemption, and not face recourse from godaddy.
You can’t sell what you don’t own, it’s borderline fraud.
Most
Exchanges are smart most likely the person types in the name, and lands at the auction paid at a 1/100th of the price the person is asking so a
Good portion of this theory is moot, as they would follow closing price, and not be extorted to pay for a name that this party does not even own.